Civitas Resources, INC
Market Movers (8-K)
SM Energy Company has successfully completed its acquisition of Civitas Resources, Inc., leading to Civitas's delisting from the NYSE.
Capital raise
Civitas Resources, Inc. stockholders overwhelmingly approved the merger agreement with SM Energy Company, paving the way for an expected closing on January 30, 2026.
Capital raise
Civitas Resources, Inc. files an 8-K to supplement merger disclosures and address stockholder lawsuits alleging deficiencies in the joint proxy statement.
Delay expected
Civitas Resources and SM Energy Company received early termination of the HSR waiting period, satisfying a key condition for their pending merger.
Civitas Resources, Inc. has approved an amended executive change in control and severance plan, contingent on the closing of its pending merger with SM Energy Company.
Civitas Resources and SM Energy Company announce further details on their planned merger, highlighting significant synergies, a new leadership team, and a path to enhanced shareholder returns.
Better than expected
Quarterly Earnings (10-Q)
Civitas Resources, an independent E&P company, reported a significant decrease in Q3 and nine-month net income and revenue, alongside a major merger agreement with SM Energy Company and a reinstated share repurchase program.
Capital raise
Worse than expected
Civitas Resources reports a decrease in net income and revenue for Q2 2025, driven by lower commodity prices and sales volumes, while actively managing debt and capital returns.
Capital raise
Worse than expected
Civitas Resources reported a net income of $186 million for Q1 2025 and announced a shift in its capital return strategy, prioritizing debt reduction.
Worse than expected
Civitas Resources' Q3 2024 results show increased production and revenue, driven by recent acquisitions, despite lower commodity prices.
Civitas Resources' Q2 2024 results showcase significant revenue growth and strategic capital allocation amid fluctuating commodity prices.
10-Q: Civitas Resources Reports Strong Q1 2024 Results Driven by Acquisition and Increased Production
Civitas Resources' Q1 2024 results showcase significant revenue growth and increased production volumes, primarily driven by the Vencer Energy acquisition.
Annual Reports (10-K)
Civitas Resources' 2024 results showcase significant growth in sales volumes and reserves, driven by strategic acquisitions and enhanced operational performance.
10-K: Civitas Resources Appoints Jeff Kelly as Chief Transformation Officer and Interim Permian Head
Civitas Resources has hired Jeff Kelly as Chief Transformation Officer and interim head of the Permian Business Unit, with a compensation package including a $650,000 base salary and significant equity incentives.
Insider Trading (Form 4)
Canada Pension Plan Investment Board reported the conversion of its 9.5 million Civitas Resources shares into SM Energy stock following a two-step merger completed on January 30, 2026.
A Civitas Resources director reported the disposal of 53,960 common shares following the company's merger into SM Energy, converting Civitas stock into SM Energy shares.
A Civitas Resources director reported the conversion of 42,017 shares of Civitas common stock into SM Energy common stock following the merger effective January 30, 2026.
Wouter T. van Kempen, Interim CEO of Civitas Resources, Inc., disposed of 145,241 shares of Civitas common stock as part of its merger into SM Energy Company.
Civitas Resources CFO Marianella Foschi reported the conversion of her common stock and performance stock units into SM Energy shares following the merger effective January 30, 2026.
Civitas Resources Chief Administrative Officer Travis L. Counts converted his Civitas common stock and equity awards into SM Energy common stock and restricted stock units following the merger.
Proxy Statements (Def-14A)
SM Energy Company and Civitas Resources, Inc. announce a definitive merger agreement, creating a combined entity with significant operational synergies and enhanced capital returns.
Civitas Resources announces its 2025 Annual Meeting of Stockholders, detailing proposals for director elections, auditor ratification, and executive compensation approval.
Civitas Resources outlines its 2025 strategic objectives, focusing on free cash flow, debt reduction, and ESG leadership, including a goal to achieve carbon neutrality in the Permian Basin by the end of 2025.
Better than expected
Civitas Resources announces its 2024 Annual Meeting of Stockholders to be held virtually on June 4, 2024, outlining proposals for director elections, auditor ratification, incentive plan approval, and executive compensation advisory votes.
Schedule 13D - Activist Investments
Canada Pension Plan Investment Board (CPPIB) reports zero beneficial ownership in Civitas Resources following its merger into SM Energy Company.
Kimmeridge Energy Management Company, LLC has filed a Schedule 13D, disclosing its beneficial ownership in Civitas Resources, Inc. and its agreement to vote in favor of the proposed merger with SM Energy Company.
Canada Pension Plan Investment Board and its subsidiary increased their beneficial ownership percentage in Civitas Resources, Inc. to 11.2%.
Schedule 13G - Passive Investments
Aristeia Capital, L.L.C. reported a passive 4.78% beneficial ownership stake in Civitas Resources, Inc. common stock.
The Vanguard Group reported a 9.88% beneficial ownership stake in Civitas Resources Inc. common stock as of December 31, 2025.
Aristeia Capital, L.L.C. has reported a 7.17% beneficial ownership stake in Civitas Resources, Inc., holding 6,112,368 shares of common stock as of September 30, 2025.
Kimmeridge Energy Management Company, LLC has reported a 9.1% beneficial ownership stake in Civitas Resources, Inc., totaling 8,404,518 shares of common stock.
SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Disclose 4.7% Passive Stake in Civitas Resources Inc.
FMR LLC and its Chairman and CEO, Abigail P. Johnson, have filed an amended Schedule 13G disclosing a passive beneficial ownership of 4.7% in Civitas Resources Inc. as of March 31, 2025.
SCHEDULE 13G/A: Vanguard Group Discloses 11.28% Stake in Civitas Resources Inc
The Vanguard Group has filed an amended Schedule 13G, reporting a beneficial ownership of 11.28% in Civitas Resources Inc as of March 31, 2025.